CHICAGO, July 16, 2013 /PRNewswire/ -- CME Group Executive Chairman and President Terry Duffy will appear before the U.S. Senate Committee on Agriculture, Nutrition & Forestry, Wednesday, July 17, regarding CFTC reauthorization.
"This hearing comes at a critical time, as the CFTC grapples with the remaining challenges in implementing the Dodd-Frank Act, including international harmonization of swaps rules," said Duffy. "We welcome the Senate Agriculture Committee's oversight as they consider reauthorization of the agency to ensure the markets are governed by thoughtful regulation that preserves the ability of farmers, ranchers, and businesses around the world to effectively manage their risk through deep, liquid and resilient derivatives markets in the U.S. and abroad."
The hearing is scheduled for 2:30 p.m. Eastern time in the Senate Hart Office Building. Duffy's written testimony will also be available on www.cmegroup.com at that time.
As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.
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SOURCE CME Group